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Shortages in the majority of products

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Tight labor markets have contributed to shortages in the majority of products we use on a regular basis. A reduction in available workers has a dramatic effect on the economy, on corporations, investors and individuals in the work force. Explain how this shortage effects product price, corporate profits, earnings and the cost of labor. Give your thoughts on how our governement could work to improve the current labor shortage.

Reference no: EM133071648

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